Report – Mercedes-Benz to invest no less than €10 billion in electric vehicles

We already saw the electric intentions of the Daimler brand at the Paris Motor Show in the form of the Generation EQ Concept – and we know no less than 10 EVs are en route until 2025.

Mercedes is pretty clear about its intentions to be a part of the green revolution, but according to R&D boss Thomas Weber we find that its parent company Daimler is ready to shell out no less than ten billion euros to deliver the architecture for the entire eco roster. Mercedes thinks 15 to 25 percent of total sales will be of electric vehicles by 2025 – which is when up to ten models using the same architecture will exist. Weber was interviewed by German daily Stuttgarter Zeitung and he also revealed Daimler’s plans include the Smart brand, which should have three models.

With expected advancements in battery technology, the upcoming Smart EVs could travel as much as 700 kilometers (435 miles) on a single charge. Of course the first out will be the production version of the Generation EQ concept – produced in Bremen, Germany, by the end of the decade. The electrified high-riding model will be the first in the company’s new EQ product brand and there may even be a Maybach version on the line.